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Conformal Coatings Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032

Publisher Fortune Business Insights Pvt. Ltd.
Published May 01, 2024
Length 195 Pages
SKU # FOB18820052

Description

Conformal Coatings Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032



Growth Factors of Conformal Coatings Market

The Conformal Coatings Market Size was valued at USD 992.1 million in 2023, and the Market is now projected to grow from USD 1047.1 million in 2024 to USD 1647.9 million by 2032, exhibiting a CAGR of 12.1% during the forecast period of 2024-2032.

The outbreak disrupted the economies of countries worldwide and hindered the procurement of raw materials and relevant parts for the conformal coatings manufacturing process. Mobility and supply chain challenges affected transport, which resulted in some parts being unavailable or delayed, impeding the rise of Conformal Coatings Market Growth.

The demand for Conformal Coatings has risen due to the growth of the electronics industry, resulting in the expansion of Conformal Coatings Market share globally. Consumer Electronics, automobiles, aerospace and healthcare are some of the key segments with electronic devices that have their boards conformal coated and therefore fueling the conformal coating market. Electronic parts need extra protection from external conditions including moisture, dust, others chemicals and variance in temperatures; conformal coatings serve this purpose.

Also, The ever-growing use of electronics in vehicles for comfort through infotainment, safety through ADAS and electric vehicle outcomes raises the need for conformal coatings. These coatings protect automotive electronic devices from unfavorable operating conditions that include temperature fluctuations, vibration, and contact with automobile fluids.

Comprehensive Analysis of Conformal Coatings Market

The Conformal Coatings Market is rising at an exponential rate due to its market segmentation. This market expansion effectively provides a detailed regional assessment considering the dominant supply and demand forces that impact the Chemical & Advanced Materials Industry. These Segmentations are methodically segregated by Product and by End-use Industry. The Product includes Epoxy, Acrylic, Urethane, Parylene, Silicon, and others. However, the End-Use Industry includes Automotive, Medical, Aerospace & Defense, Consumer Electronics, and others.

The Asia Pacific Region leads the Conformal Coatings Market by benefitting a market size of USD 850.9 million in 2023 due to rising demand from its electronics-manufacturing industry.

The top players in the market play a crucial role in the Chemical & Advanced Materials Industry assuring industrial prospectus growth and setting market standards. These players includes Chemtronics (South Korea), Henkel AG & Company (Germany), Shin-Etsu Chemical Co., Ltd (Japan), Dow ( US), Chase Corporation (US), Dymax Corporation (US), Specialty Coating Systems (US), Electrolube (UK), H.B. Fuller (US), M.G. Chemicals (Canada). These market players provide a level playing competitive landscape.

In March 2022, Humiseal introduced conformal coating UV500-2, providing PCB protection. It is designed to provide additional performance under thermal and mechanical cycling testing common in the automotive and white goods industries.

Segmentation Table

TTRIBUTE DETAILS

Study Period 2019-2032

Base Year 2023

Estimated Year 2024

Forecast Period 2024-2032

Historical Period 2019-2022

Unit Value (USD Million)

Growth Rate CAGR of 5.8% during 2024-2032

Segmentation By Product

Epoxy

Acrylic

Urethane

Parylene

Silicone

Others

End-use Industry

Automotive

Medical

Aerospace & Defense

Consumer Electronics

Others

By Region

North America (By Product, By End-use Industry, By Country)

- U.S. (By End-use Industry)

- Canada (By End-use Industry)

Europe (By Product, By End-use Industry, By Country)

- Germany (By End-use Industry)

- U.K. (By End-use Industry)

- France (By End-use Industry)

- Italy (By End-use Industry)

- Rest of Europe (By End-use Industry)

Asia Pacific (By Product, By End-use Industry, By Country)

- China (By End-use Industry)

- India (By End-use Industry)

- Japan (By End-use Industry)

- South Korea (By End-use Industry)

- Rest of East Asia (By End-use Industry)

Latin America (By Product, By End-use Industry, By Country)

- Brazil (By End-use Industry)

- Rest of Latin America (By End-use Industry)

Middle East & Africa (By Product, By End-use Industry, By Country)

- South Africa (By End-use Industry)

- Rest of Middle East & Africa (By End-use Industry)


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Table of Contents

195 Pages
1. Introduction
1.1. Research Scope
1.2. Market Segmentation
1.3. Research Methodology
1.4. Definitions and Assumptions
2. Executive Summary
3. Market Dynamics
3.1. Market Drivers
3.2. Market Restraints
3.3. Market Opportunities
4. Key Insights
4.1. Key Trends
4.2. Key Developments
4.3. Insights on Regulatory Scenario
4.4. Latest Technological Advancements
4.5. Porters Five Forces Analysis
4.6. Qualitative Insights on COVID-19 Impact
5. Global Conformal Coatings Market Analysis, Insights and Forecast, 2019-2032
5.1. Key Findings / Summary
5.2. Market Size Estimates and Forecast
5.2.1. By Product (Value)
5.2.1.1. Epoxy
5.2.1.2. Acrylic
5.2.1.3. Urethane
5.2.1.4. Parylene
5.2.1.5. Silicone
5.2.1.6. Others
5.2.2. By End-use Industry (Value)
5.2.2.1. Automotive
5.2.2.2. Medical
5.2.2.3. Aerospace & Defense
5.2.2.4. Consumer Electronics
5.2.2.5. Others
5.2.3. By Region (Value)
5.2.3.1. North America
5.2.3.2. Europe
5.2.3.3. Asia Pacific
5.2.3.4. Latin America
5.2.3.5. Middle East & Africa
6. North America Conformal Coatings Market Analysis, Insights and Forecast, 2019-2032
6.1. Key Findings / Summary
6.2. Market Size Estimates and Forecast
6.2.1. By Product (Value)
6.2.1.1. Epoxy
6.2.1.2. Acrylic
6.2.1.3. Urethane
6.2.1.4. Parylene
6.2.1.5. Silicone
6.2.1.6. Others
6.2.2. By End-use Industry (Value)
6.2.2.1. Automotive
6.2.2.2. Medical
6.2.2.3. Aerospace & Defense
6.2.2.4. Consumer Electronics
6.2.2.5. Others
6.2.3. By Country (Value)
6.2.3.1. U.S.
6.2.3.1.1. By End-use Industry (Value)
6.2.3.1.1.1. Automotive
6.2.3.1.1.2. Medical
6.2.3.1.1.3. Aerospace & Defense
6.2.3.1.1.4. Consumer Electronics
6.2.3.1.1.5. Others
6.2.3.2. Canada
6.2.3.2.1. By End-use Industry (Value)
6.2.3.2.1.1. Automotive
6.2.3.2.1.2. Medical
6.2.3.2.1.3. Aerospace & Defense
6.2.3.2.1.4. Consumer Electronics
6.2.3.2.1.5. Others
7. Europe Conformal Coatings Market Analysis, Insights and Forecast, 2019-2032
7.1. Key Findings / Summary
7.2. Market Size Estimates and Forecast
7.2.1. By Product (Value)
7.2.1.1. Epoxy
7.2.1.2. Acrylic
7.2.1.3. Urethane
7.2.1.4. Parylene
7.2.1.5. Silicone
7.2.1.6. Others
7.2.2. By End-use Industry (Value)
7.2.2.1. Automotive
7.2.2.2. Medical
7.2.2.3. Aerospace & Defense
7.2.2.4. Consumer Electronics
7.2.2.5. Others
7.2.3. By Country (Value)
7.2.3.1. Germany
7.2.3.1.1. By End-use Industry (Value)
7.2.3.1.1.1. Automotive
7.2.3.1.1.2. Medical
7.2.3.1.1.3. Aerospace & Defense
7.2.3.1.1.4. Consumer Electronics
7.2.3.1.1.5. Others
7.2.3.2. U.K.
7.2.3.2.1. By End-use Industry (Value)
7.2.3.2.1.1. Automotive
7.2.3.2.1.2. Medical
7.2.3.2.1.3. Aerospace & Defense
7.2.3.2.1.4. Consumer Electronics
7.2.3.2.1.5. Others
7.2.3.3. France
7.2.3.3.1. By End-use Industry (Value)
7.2.3.3.1.1. Automotive
7.2.3.3.1.2. Medical
7.2.3.3.1.3. Aerospace & Defense
7.2.3.3.1.4. Consumer Electronics
7.2.3.3.1.5. Others
7.2.3.4. Italy
7.2.3.4.1. By End-use Industry (Value)
7.2.3.4.1.1. Automotive
7.2.3.4.1.2. Medical
7.2.3.4.1.3. Aerospace & Defense
7.2.3.4.1.4. Consumer Electronics
7.2.3.4.1.5. Others
7.2.3.5. Rest of Europe
7.2.3.5.1. By End-use Industry (Value)
7.2.3.5.1.1. Automotive
7.2.3.5.1.2. Medical
7.2.3.5.1.3. Aerospace & Defense
7.2.3.5.1.4. Consumer Electronics
7.2.3.5.1.5. Others
8. Asia-Pacific Conformal Coatings Market Analysis, Insights and Forecast, 2019-2032
8.1. Key Findings / Summary
8.2. Market Size Estimates and Forecast
8.2.1. By Product (Value)
8.2.1.1. Epoxy
8.2.1.2. Acrylic
8.2.1.3. Urethane
8.2.1.4. Parylene
8.2.1.5. Silicone
8.2.1.6. Others
8.2.2. By End-use Industry (Value)
8.2.2.1. Automotive
8.2.2.2. Medical
8.2.2.3. Aerospace & Defense
8.2.2.4. Consumer Electronics
8.2.2.5. Others
8.2.3. By Country (Value)
8.2.3.1. China
8.2.3.1.1. By End-use Industry (Value)
8.2.3.1.1.1. Automotive
8.2.3.1.1.2. Medical
8.2.3.1.1.3. Aerospace & Defense
8.2.3.1.1.4. Consumer Electronics
8.2.3.1.1.5. Others
8.2.3.2. India
8.2.3.2.1. By End-use Industry (Value)
8.2.3.2.1.1. Automotive
8.2.3.2.1.2. Medical
8.2.3.2.1.3. Aerospace & Defense
8.2.3.2.1.4. Consumer Electronics
8.2.3.2.1.5. Others
8.2.3.3. Japan
8.2.3.3.1. By End-use Industry (Value)
8.2.3.3.1.1. Automotive
8.2.3.3.1.2. Medical
8.2.3.3.1.3. Aerospace & Defense
8.2.3.3.1.4. Consumer Electronics
8.2.3.3.1.5. Others
8.2.3.4. South Korea
8.2.3.4.1. By End-use Industry (Value)
8.2.3.4.1.1. Automotive
8.2.3.4.1.2. Medical
8.2.3.4.1.3. Aerospace & Defense
8.2.3.4.1.4. Consumer Electronics
8.2.3.4.1.5. Others
8.2.3.5. Rest of Asia Pacific
8.2.3.5.1. By End-use Industry (Value)
8.2.3.5.1.1. Automotive
8.2.3.5.1.2. Medical
8.2.3.5.1.3. Aerospace & Defense
8.2.3.5.1.4. Consumer Electronics
8.2.3.5.1.5. Others
9. Latin America Conformal Coatings Market Analysis, Insights and Forecast, 2019-2032
9.1. Key Findings / Summary
9.2. Market Size Estimates and Forecast
9.2.1. By Product (Value)
9.2.1.1. Epoxy
9.2.1.2. Acrylic
9.2.1.3. Urethane
9.2.1.4. Parylene
9.2.1.5. Silicone
9.2.1.6. Others
9.2.2. By End-use Industry (Value)
9.2.2.1. Automotive
9.2.2.2. Medical
9.2.2.3. Aerospace & Defense
9.2.2.4. Consumer Electronics
9.2.2.5. Others
9.2.3. By Country (Value)
9.2.3.1. Brazil
9.2.3.1.1. By End-use Industry (Value)
9.2.3.1.1.1. Automotive
9.2.3.1.1.2. Medical
9.2.3.1.1.3. Aerospace & Defense
9.2.3.1.1.4. Consumer Electronics
9.2.3.1.1.5. Others
9.2.3.2. Rest of Latin America
9.2.3.2.1. By End-use Industry (Value)
9.2.3.2.1.1. Automotive
9.2.3.2.1.2. Medical
9.2.3.2.1.3. Aerospace & Defense
9.2.3.2.1.4. Consumer Electronics
9.2.3.2.1.5. Others
10. Middle East & Africa Conformal Coatings Market Analysis, Insights and Forecast, 2019-2032
10.1. Key Findings / Summary
10.2. Market Size Estimates and Forecast
10.2.1. By Product (Value)
10.2.1.1. Epoxy
10.2.1.2. Acrylic
10.2.1.3. Urethane
10.2.1.4. Parylene
10.2.1.5. Silicone
10.2.1.6. Others
10.2.2. By End-use Industry (Value)
10.2.2.1. Automotive
10.2.2.2. Medical
10.2.2.3. Aerospace & Defense
10.2.2.4. Consumer Electronics
10.2.2.5. Others
10.2.3. By Country (Value)
10.2.3.1. South Africa
10.2.3.1.1. By End-use Industry (Value)
10.2.3.1.1.1. Automotive
10.2.3.1.1.2. Medical
10.2.3.1.1.3. Aerospace & Defense
10.2.3.1.1.4. Consumer Electronics
10.2.3.1.1.5. Others
10.2.3.2. Rest of Middle East & Africa
10.2.3.2.1. By End-use Industry (Value)
10.2.3.2.1.1. Automotive
10.2.3.2.1.2. Medical
10.2.3.2.1.3. Aerospace & Defense
10.2.3.2.1.4. Consumer Electronics
10.2.3.2.1.5. Others
11. Competitive Analysis
11.1. Company Market Share Analysis, By Key Players, 2023
11.2. Company Profiles
11.2.1. Chemtronics (South Korea)
11.2.1.1. Overview
11.2.1.2. Description
11.2.1.3. Product Portfolio
11.2.1.4. Financials (As per Availability)
11.2.1.5. Recent Developments
11.2.2. Henkel AG & Company (Germany)
11.2.2.1. Overview
11.2.2.2. Description
11.2.2.3. Product Portfolio
11.2.2.4. Financials (As per Availability)
11.2.2.5. Recent Developments
11.2.3. Shin-Etsu Chemical Co., Ltd (Japan)
11.2.3.1. Overview
11.2.3.2. Description
11.2.3.3. Product Portfolio
11.2.3.4. Financials (As per Availability)
11.2.3.5. Recent Developments
11.2.4. DOW (U.S.)
11.2.4.1. Overview
11.2.4.2. Description
11.2.4.3. Product Portfolio
11.2.4.4. Financials (As per Availability)
11.2.4.5. Recent Developments
11.2.5. Chase Corporation (U.S.)
11.2.5.1. Overview
11.2.5.2. Description
11.2.5.3. Product Portfolio
11.2.5.4. Financials (As per Availability)
11.2.5.5. Recent Developments
11.2.6. Dymax Corporation (U.S.)
11.2.6.1. Overview
11.2.6.2. Description
11.2.6.3. Product Portfolio
11.2.6.4. Financials (As per Availability)
11.2.6.5. Recent Developments
11.2.7. Specialty Coating Systems (U.S.)
11.2.7.1. Overview
11.2.7.2. Description
11.2.7.3. Product Portfolio
11.2.7.4. Financials (As per Availability)
11.2.7.5. Recent Developments
11.2.8. Electrolube (U.K.)
11.2.8.1. Overview
11.2.8.2. Description
11.2.8.3. Product Portfolio
11.2.8.4. Financials (As per Availability)
11.2.8.5. Recent Developments
11.2.9. H.B. Fuller(U.S.)
11.2.9.1. Overview
11.2.9.2. Description
11.2.9.3. Product Portfolio
11.2.9.4. Financials (As per Availability)
11.2.9.5. Recent Developments
11.2.10. M.G. Chemicals (Canada)
11.2.10.1. Overview
11.2.10.2. Description
11.2.10.3. Product Portfolio
11.2.10.4. Financials (As per Availability)
11.2.10.5. Recent Developments
12. Strategic Recommendations

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